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Moody’s Downgrades UK Rating From AAA to AA1
Friday, February 22, 2013 20:53
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LONDON (AP) — Credit ratings agency Moody’s Investors Service downgraded Britain’s government bond rating one notch from the top AAA to AA1 Friday, citing weaknesses in the economy’s medium-term outlook.
Moody’s said “subdued” growth prospects and a “high and rising debt burden” were weighing on the British economy.
The agency said rising debt meant “a deterioration in the shock-absorption capacity of the government’s balance sheet, which is unlikely to reverse before 2016.”
http://www.nytimes.com/aponline/2013/02/…l?ref=news
2013-02-22 16:20:26
Source: http://yeoldefalseflag.com/thread-moody-s-downgrades-uk-rating-from-aaa-to-aa1
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